2. The PRD lost the presidency but
showed that the Left has mobilizing power.

3. The PAN couldn't
overcome its internal divisions and doubts about its performance.

4.
All the political leaders rose to the occasion in unexpected and highly positive ways.

5. Mexico will continue to be a competitive democracy with significant checks and balances.

– – –1. The PRI won decisively but did not get the mandate
it wanted.

PRI presidential candidate Enrique Peña Nieto appears
to have won the election by around 6%, which is a decisive victory over the other contenders. However, he only won around
38% of the vote, roughly what President Calderón won in 2006 and far less than most polls prior to the election predicted.
It's a clear victory but not a resounding one. Early results appear to suggest that the PRI will have a majority
in the lower House but perhaps not in the Senate. Unquestionably a good night for the PRI and for Peña Nieto, but not
the knock-out most of the party faithful's expected.

2.
The PRD lost the presidency but showed that the Left has mobilizing power.

Most
political analysts had left PRD candidate Andrés Manuel López Obrador for dead at the start of the campaign;
he couldn't seem to even reach 20% in the opinion polls. All signs are that he finished above 30% and won a significant
majority in Mexico City, the country's political and cultural center, and large pluralities in several other states (including
several that were unlikely wins for a leftist candidate, such as Puebla, Quintana Roo, and Tlaxcala). The PRD won the
mayor's office in Mexico City again with over 60% of the vote, and took the governorship in Morelos and probably Tabasco.
Overall, it wasn't a bad night for the Mexican Left, even though they lost the biggest prize, and it suggests that the
PRD and its allied parties may have more resonance in Mexican society than many analysts believe.

3. The PAN couldn't overcome its internal divisions and doubts about its performance.

The PAN had a rough night, winning only a quarter of the vote nationally. The party
continues to have significant bastions of support around the country, and did far better in Senate races, but the poor third
place performance appeared to confirm that Mexicans are disappointed in the direction the country is going and unimpressed
with the idea of continuing with the PAN for another six years. Internal divisions within the party clearly played a
major role in the party's collapse in this election as well.

4.
All the political leaders rose to the occasion in unexpected and highly positive ways.

Mexican politicians are usually criticized for their self-serving leadership style, but on election night all of
the major players rose to the occasion in unexpected -- and very heartening -- ways. Josefina Vázquez Mota conceded
defeat in a particularly gracious and eloquent speech early in the night. President Felipe Calderón called Enrique
Peña Nieto to congratulate him and offered a smooth transition in his public address. Andrés Manuel López
Obrador, who most thought would take to the streets claiming fraud, gave short remarks saying that he would wait for the final
results on Wednesday before deciding what to do -- almost certainly taking any air out of a possible resistance campaign by
his supporters. And Enrique Peña Nieto was somber and thoughtful rather than triumphalist, praising President
Calderón and all his opponents, recognizing the concerns of the student movement, and calling for action to move Mexico
forward. It was a surprising display of maturity by all sides in a contentious election.

5. Mexico will continue to be a competitive democracy with significant checks and balances.

Mexicans voted to give the presidency back to the PRI, a party that has pledged to get things
done, but they also gave the PRD and the PAN a significant voice in the future of the country. The PRI takes over knowing
that it has to respond to the doubts of the students who protested Peña Nieto's campaign and the more than six
out of every ten Mexicans who didn't vote for Peña Nieto. At the same time, the PAN and PRD will have to
learn to be responsible opposition parties, trying to shape the country's future and hold the PRI accountable. This
is a win for Mexican democracy and for de facto checks and balances in the political system. And perhaps the most important
figure of the evening is this: 62% of Mexicans voted, a historic high point, which means that politicians know that citizens
will be watching what they do.